Forex as a way to get additional income

Surely you've heard something about Forex and you must have wondered how one can make money on it. It is suggest that you to explore what the Forex market is, how to start trading and how to make a profit on it.

Forex: what is it and how to make money?

Forex (Foreign Exchange Market) is an exchange market of currencies. It works round the clock, 5 days a week, on the weekend the market is closed. The main participants of the foreign exchange market are investors, large banks and companies. But with the advent of the Internet, even people who do not have own multimillion-dollar capital can get income on Forex.

On the Forex market money is earned due to the difference in exchange rates. For example, you can buy 1 euro for $1.3, wait for a while until the value of the euro goes up to $1.5 and then sell it, earning a profit of $0.2. This is a general idea of the currency market. Anyone can open a trading account and start trading on Forex. You just need to have a computer or a smartphone and access to the Internet.

How and where to open a trading account?

Before opening a trading account, you need to select an appropriate broker that will provide access directly to the Forex market. A broker is a company through which you can make your trading operations in the financial market.

JustForex is a reliable Forex broker who has been providing services in 197 countries for several years. JustForex can offer some of the most profitable trading conditions on the market:

1. Several types of trading accounts: Cent, Mini, Standard, ECN Zero.

2. Low floating spreads on all types of accounts, spread on ECN Zero from 0 points.

3. Leverage from 1:1 to 1:3000. Leverage is the borrowed funds that a broker brings for trading. For example, if you select a leverage of 1:100, this means that the broker will virtually provide you with funds 100 times higher than yours. That is, you will be able to open transactions increased by 100 times in volume.

4. Variety of trading instruments. JustForex offers 84 currency pairs, as well as 2 metals for trading.

5. Multicurrency accounts. You can open an account not only in USD but in currencies such as EUR, MYR, IDR, THB, VND as well.

Also, on JustForex site, you may find a section with analytical materials that you need for the fundamental and technical analysis. Here you will find important economic news, which you should pay attention to, the daily forecast for 4 majors, technical patterns and much more.

Demo account advantages

If you are not ready yet to deposit real money on an account, you should open a demo account. The main advantage of the demo account is that you can learn all the mechanisms of real trading without investing your money.

Opening the demo account you are given a certain amount of virtual money with which you can trade. It is worth remembering that you will not earn money, as the profit is also virtual. However, the demo account gives you a lot of possibilities. You will:

- understand how the Forex market works

- examine the trading platform through which trading is conducted

- work out your trader's skills

- develop your own trading system

- test technical indicators, etc.

JustForex provides an opportunity to open a training account. The demo account is available for any type of account from JustForex: Cent, Mini, Standard or ECN Zero.

This is an excellent opportunity to test the broker’s trading conditions, as well as assess your trading skills.

After you feel confident in your abilities, we suggest you go to the real trading account and start earning the real profit.